PEI Land for Sale and vacant lots

PEI Land for Sale

Dreaming of owning a piece of Prince Edward Island?  PEI, with its stunning landscapes, vibrant communities, and rich history, offers diverse land opportunities, from waterfront properties to fertile farmland.  As a local realtor, I, Jodi Bernard, can guide you through the process, including navigating the specific regulations for both residents and non-residents.

Exploring PEI's Real Estate Market:

PEI's real estate landscape includes:

• Vacant Land:  Find your perfect spot, whether it's a sprawling rural acreage or a lot in a developing subdivision.  We'll help you determine if utilities like water, electricity, and sewage are available.
• Waterfront Properties:  PEI's coastline offers incredible opportunities for those seeking breathtaking views, boating access, or simply the tranquility of the water.
• Agricultural Land:  With its renowned fertile soil, PEI presents unique opportunities for agricultural ventures.  I can help you understand the specific regulations surrounding farmland purchases.
• Development Land:  Developers will find potential here, but navigating zoning and land use policies is essential.  I can assist you with this process.

Why Invest in PEI Land?

• Scenic Beauty:  PEI's natural beauty is unparalleled, offering a tranquil and picturesque setting.
• Investment Potential:  Real estate in PEI presents a strong investment opportunity, driven by tourism, population growth, and the limited availability of land.
• Community & Lifestyle:  Experience the charm of small-town living and a welcoming community atmosphere.

Important Information for Non-Resident Buyers:

PEI has regulations in place to protect its local interests, environment, and prevent land speculation.  It's crucial to understand these restrictions:

• Lands Protection Act: This Act requires non-residents to apply for approval to purchase land exceeding five acres or with shore frontage over 165 feet. This ensures responsible land use and environmental stewardship.
• Residency Requirements:  To be considered a resident for land purchase purposes, you must have resided in PEI for at least 365 days over the past 24 months and be a Canadian citizen or landed immigrant. These requirements were updated in 2016.
• Land Ownership Limits:  Individuals are limited to 1,000 acres, and corporations to 3,000 acres, to prevent land monopolization.
• Application Process:  Non-residents must submit applications to the Island Regulatory and Appeals Commission (IRAC).  The process includes a review of factors like existing non-resident ownership concentration, intended land use, and potential economic impact.  IRAC then makes a recommendation to the provincial cabinet.
• Tax Implications:  Non-residents typically face higher property tax rates, which encourages residency and local land control.

Let Jodi Bernard Guide You:

Navigating PEI's real estate market requires expertise.  As your dedicated realtor, I can:

• Simplify the Process: I'll guide you through every step, from finding the right property to understanding the legal requirements.
• Provide Expert Advice: I'm familiar with PEI's unique regulations and can help you navigate the complexities of the Lands Protection Act.
• Connect You with Professionals: I can recommend lawyers and other professionals specializing in PEI real estate transactions.

Contact Jodi Bernard today to start your PEI land ownership journey!